Times They Are A Changin': The New Wealth of Nations

[L-R: Dr. Surjit S. Bhalla and Lord Meghnad Desai]

[L-R: Dr. Surjit S. Bhalla and Lord Meghnad Desai]

The Gross Domestic Product (GDP) of developing Asia is expected to expand by 5.7% in 2017 and 2018, according to the Asian Development Bank. Decades of rapid growth has transformed developing Asia from a low income region to a middle income one. The growth trajectory of the four Asian Tigers (Hong Kong, Singapore, South Korea and Taiwan) between 1960s and 1990s, paved the way for countries like China and India to become the flag bearers of high growth in recent years. The question that arises is - what has enabled exceptional growth in non-Western, developing countries?

Economist Dr. Surjit S. Bhalla contends in The New Wealth of Nations that the spread of education is the key factor that has enabled and corroborated growth in developing economies. The very large increase in college graduates in the non-Western world, the growing educational achievements of women, and the radical change in gender roles is critical to the understanding of current-day mega-trends. While India has been one of the fastest growing nations in the world since the early 1990s, how will high growth be sustainable going into the future? Join us as we seek to answer these questions and more in a discussion between the economists Dr. Surjit S. Bhalla and Lord Meghnad Desai.

Surjit S. Bhalla is a Senior India Analyst for the Observatory Group, a New York based macroeconomic policy advisory firm and Chairman of Oxus Research & Investments. Surjit has taught at the Delhi School of Economics and worked at the Rand Corporation, the Brookings Institution, World Bank, Goldman Sachs and Deutsche Bank. He also served as executive director of the Policy Group in New Delhi, the country’s first non-government funded think tank, and is on the governing board of India’s largest think tank, NCAER. In 2017 he was appointed as a member of Prime Minister Narendra Modi’s newly-formed Economic Advisory Council.

Meghnad Desai is emeritus professor of economics, London School of Economics, where he was also founder and former director of the Global Governance Research Centre. He is a member of the House of Lords and chairman of the Official Monetary and Financial Institutions Forum. He is the Chairman of the Meghnad Desai Academy of Economics. Not only has he published over 30 books, including 'Hubris' and 'Marx's Revenge', but he has also published over 200 articles in academic journals. He has been awarded the Padma Bhushan, the third highest civilian award in India, in 2008.

Programme begins at 6:00 pm, Registration 5:30 pm
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Event Details

Mon 04 Dec 2017
6:00 PM - 7:30 PM

Front Lawns,

Chhatrapati Shivaji Maharaj Vastu Sangrahalaya

Fort, Mumbai

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